Cardano’s ADA Could be the Third Largest Cryptocurrency by the End of the Year

By 01/17/2018 No Comments

Today we’re taking a look back at Cardano’s ADA which was able to erase some of the losses earlier this week on Wednesday. Other cryptocurrencies also started to show a bullish sentiment by the end of Wednesday’s trading session. Were you able to take advantage of the low prices?

Get my Updates. Free.

ADA’s Price Action

ADA/USD  price moved back up to the resistance level of $0.60, up around 7% from Tuesday lows. But it still has a long way to get back up to its all-time high level of $1.26.

Cardano - ADA/USD Price Action

Cardano – ADA/USD Price Action

Versus Bitcoin, Cardano remains above the daily cloud of  Ichimoku Kinko Hyo, and within 23% and 50% Fibonacci retracement levels.

ADABTC Daily Chart Technical Analysis

ADABTC Daily Chart Technical Analysis

The future cloud, as well as the other Ichimoku moving averages, appear to remain flat.

Ichimoku Secrets Book Cover 3D Get it Now Button


Cardano’s Race to the Top

Last week, Cardano’s ADA token was listed on the futures exchange at BitMEX. This made BitMEX the fifth exchange to list the ADA token since Bittrex did so in October 2017, followed by Upbit, Binance and Coinnest.

Get my Updates. Free.

ADA calls itself the first third-generation cryptocurrency and aims to tackle scaling and infrastructure problems of bitcoin and Ethereum.

Specifically, Cardano aims to solve problems related to scalability, interoperability, and sustainability on cryptocurrency platforms.

Cardano is often referred to as the “Japanese Ethereum” and reports last year indicated that it was being made available in Japan through ATMs and debit cards.

However, Cardano’s ADA has the same flaw as other cryptocurrencies. It has little to show by way of implementation. Regardless, a price comparison website, has predicted that Cardano will be the third largest cryptocurrency by the end of the year.

Get my Updates. Free.



Leave a Reply



  • Economic Calendar
  • Terms of Service
  • Privacy Policy
  • Disclaimer:Investing in the financial markets involves a risk of loss.
    You should only invest the money you can afford to lose.

    Invest Diva (KPHR Capital, LLC) and Kiana Danial are NOT a financial advisor. Nothing said on by Kiana Danial or other contributors is meant to be a recommendation to buy or sell any financial instrument.